Pm Modi Current Affairs - 2020

COVID-19: Rs 3,100 crores allocated from PM CARES Funds

The PM CARES Fund trust was created on March 27, 2020. It was headed by Prime Minister Modi. The other members include Home Minister, Defence Minister and Finance Minister.

Ventilators

The allocated funds are to be used to buy 50,000 ventilators. The ventilators are to be purchased at a cost of Rs 2,000 cores. These ventilators will be supplied to government run COVID-19 hospitals.

Migrants

Around 1000 crores will be provided to state governments and union territories. They will put at the disposal of municipal commissioners and district collectors. It is to be used for making food arrangements, transport arrangements and providing medical treatment to the migrants.

This 1000 crores will be split to the states based on their population as of 2011 census and number of persons affected by COVID-19.

Vaccines

Vaccine against COVID-19 is the current pressing need. In order to support vaccine developers, Rs 100 crores has been allocated. The disposal of this fund is to be supervised by the Principal Scientific Advisor.

How is PM CARES Funds different?

The PM CARES Funds was dedicated to COVID-19 situation. On the other hand, the Prime Minister National Relief Fund (PMNRF) was meant for all natural disasters.

Concerns

The Comptroller and Auditor General of India were not allowed to audit the funds. The GoI claims that the funds were collected based in donations of organizations and individuals and therefore, independent auditors were appointed by the trustees.

GoI announces Lock Down 4.0 with economic package of Rs 20 lakh crores

On May 12, 2020, PM Modi announced Lock Down 4.0 with new rules. He also announced an economic package of Rs 20 lakh crores to ease lives of people during fourth lock down.

Highlights

As lock down 3.0, comes to an end on May 17, 2020, the new lock down 4.0 with new rules is to be implemented from May 18, 2020. The lock down is being extended as the spread of COVID-19 is not well contained.

India’s 5 pillars

India is to operate on 5 pillars of self reliance as announced by PM Modi. These pillars will help India lead the world in the 21st century. The pillars include

  • The Economical changes that will not only bring incremental change but help in quantum jump
  • Infrastructures will become symbol of modern India
  • The systems will be technology driven. This will help fulfill the dreams of 21st
  • The demography of India is the source and strength of self-reliant India
  • The cycle of supply and demand will be focused to make sure the country harnesses its complete potential.

Economic Package

A special economic package was announced by PM Modi. The package was worth of Rs 20 lakh crores. The allocated amount makes up to 10% of India’s GDP. The new economic package is to be used to provide relief to labourers, middle class, farmers and industries that have suffered the most due to lock down.